Banco Bradesco S.A. shares advanced on Thursday, riding a wave of optimism in Brazil's equity markets. The lender's preferred shares (BBDC4) closed at R$17.67 on the B3 exchange, up from R$17.26 the previous session, while its U.S.-listed ADRs (BBD) rose to $3.44, gaining $0.14 on heavy volume.
The broader market provided a strong tailwind as Brazil's benchmark Ibovespa index surged 1.71% to close at 171,497 points. Despite this positive momentum, the index remains down 4.90% for the month, though it has gained 24.45% over the past year, reflecting a resilient long-term trend.
Strong Q1 Performance Fuels Investor Confidence
Bradesco's first-quarter results continue to resonate with investors. The bank reported recurring net income of R$6.811 billion for 1Q26, a 16.1% increase year-over-year and a 4.5% sequential rise from the previous quarter. Net interest income reached R$20.051 billion, while expanded loan-loss provisions climbed to R$9.667 billion. The over-90-day delinquency ratio stood at 4.2%, highlighting ongoing credit quality challenges.
Insider Trading Activity
In a Form 6-K filed on June 11, Bradesco disclosed share transactions by its controlling group, board members, and executives for May 2026. The controlling group maintained its stake unchanged at 3,811,582,439 common shares and 121,067,106 non-voting shares. However, board-related parties sold 146,338 non-voting shares for R$2.64 million, and executive-related parties sold 86,093 non-voting shares for R$1.54 million. This insider selling, while notable, did not dampen overall market enthusiasm.
Trading Details and Market Context
Bradesco PN shares traded between R$17.17 and R$17.75 during the session, with a 52-week range of R$15.25 to R$22.12. The bank's market capitalization is approximately R$186.78 billion. In New York, BBD ADRs fluctuated between $3.305 and $3.46, with around 37.7 million shares changing hands, indicating robust investor interest.
The Ibovespa's recovery came after a period of weakness, with the index still down 4.90% month-to-date. The year-over-year gain of 24.45% underscores the longer-term strength of Brazil's equity market, supported by corporate earnings and economic fundamentals.
Upcoming Earnings and Investor Calendar
Investors are now looking ahead to Bradesco's next earnings release. According to the company's 2026 calendar, second-quarter results are scheduled for July 29, 2026, followed by third-quarter results on October 28. An analyst videoconference is planned for October 29. These events will provide further insight into the bank's performance and outlook.
Bradesco's shares are traded in Brazil under the tickers BBDC3 (common) and BBDC4 (preferred), and in the U.S. as ADRs under BBDO and BBD. The shares are also available on the Latibex exchange in Spain, offering additional liquidity for international investors.
